In the year 2000 the bank lending interest rate in Canada was 7% but by last year it had fallen to 2.7% while incomes increased, more than doubling the amount that homebuyers could borrow
A former analyst at the Canada Mortgage and Housing Corporation says there is a strengthening link between the stock market and condo sales.
The latest Bloomberg Nanos Canadian Confidence Index shows that confidence in job security and the real estate market are edging higher.
New figures from the National Realtors Association show that the number of contracts signed for existing U.S. home sales fell in August.
New analysis of figures shows that the lowest property prices do not always mean low property taxes.
While homeowners may complain about the amount they have to pay for property tax, the latest figures from the Real Property Association of Canada (REALpac) show that the ratio of commercial to residential tax paid in Canada’s municipalities is 2.79 to 1.
With rents continuing to rise Vancouver is becoming increasingly unaffordable.
There are frequent calls for more data to be made available especially in terms of assessing the potential for corrections in the market but is it really in the best interests of the industry?
Updates to the condominium laws in Alberta are on hold after the province ended the current legislative session and announced a new one that will start in November.
Despite concerns raised by Avison Young of over-supply in the Toronto office sector, which they say could become a big issue by 2017, there is some good news for the office market.
Figures suggest that by 2017 the vacancy rate for offices in the city could be at levels not seen since 2003 with more than 10 per cent of units vacant.